NEW YORK (S&P Global Ratings) May 12, 2022--S&P Global Ratings raised its long-term ratings on 41 various FMSbonds Inc.; Stifel, Nicolaus&Co.; Loop Capital Markets LLC; and Mesirow Financial Inc. tender-option-bond trust receipts, related to various underlying bonds (see the table.) This rating action follows S&P Global Ratings' action on the underlying bonds rating. (For further information, see "Port Authority Of New York&New Jersey Bond Rating Raised To 'AA-' From 'A+' On Improved Enterprise Profile," published May 6, 2022, on RatingsDirect.) The long-term components of the ratings on the floaters and the ratings on the residuals reflect the rating on the underlying bonds and S&P Global Ratings' expectation of the likelihood of bondholders receiving interest-and-principal payments when
